Volvo information of Scania and Volvo
At a meeting with the press on Thursday, Volvo's management presented information on the background for -- and objectives of -- proposed cooperation between Scania and Volvo. "We maintain that a closer relationship between Volvo and Scania would over the long term benefit the Swedish heavy-vehicle industry," said Leif Johansson, President and Chief Executive Officer of Volvo. "In a global industry such as that one, the benefits of large-scale operations increase in importance and the industry is accordingly in a consolidation phase, with a growing number of alliances and the formation of